Cool Roof Coatings Market Report 2024 (Global Edition)

Global Cool Roof Coatings Market Report 2024 Market Size Split by Root Type (Low-slope, Steep-slope), by Material Type (Elastomeric Plastic, Silicon, Others), by Technology (Water-based, Solvent-based...

Cool Roof Coatings Market Report Description

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Cool Roof Coatings Market Insights Video

Competitive Landscape of the Cool Roof Coatings Market

The competitive landscape of the Cool Roof Coatings market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Cool Roof Coatings companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

March 2023: NanoTech Inc. introduced its main product, the Nano Shield cool roof coat. This specialist coating is designed to be used on business roofs. By applying this coating, buildings can reduce HVAC usage by 30-40%. This results in significant savings in energy costs and plays an important role in cutting scope 1 carbon emissions. (Source: https://nanotechmaterials.com/nanotech-inc-launches-flagship-product-nano-shield-cool-roof-coat-through-nationwide-partner-program/)

Top Companies Market Share in Cool Roof Coatings Industry: (In no particular order of Rank)

• TGW Logistics Group GmbH (Austria)
• Swisslog Holding AG (Switzerland)
• Daifuku Co. Ltd. (Japan)
• SSI Schaefer Group (Germany)
• Murata Machinery (Japan)
• Knapp AG (Austria)
• Mecalux SA (Spain)
• Vanderlande Industries (Netherlands)
• System Logistics Corporation (Italy)
• Bastian Solution (US)
• Beumer Group (Germany)
• Dematic GmbH & Co. KG (Germany)
• Kardex Group (Switzerland)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Cool Roof Coatings Market

Which Region Dominates the Cool Roof Coatings Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. North America's cool roof coatings marketplace is experiencing enormous growth, driven by increasing recognition of power efficiency and environmental sustainability. Stringent building codes, authorities incentives, and a strong awareness of reducing strength consumption and greenhouse fuel emissions are key factors. The place's adoption of green building practices further propels the demand for cool roof coatings in residential, business, and commercial programs.

Which Region is Expanding at the Fastest CAGR?

Europe stands out as the fastest-growing region in the Cool Roof Coatings market due to several compelling reasons. ?Europe's cool roof coatings market is increasing unexpectedly due to stringent environmental policies and strong commitments to sustainability: government incentives, rising strength costs, and the adoption of inexperienced constructing standards power demand. The awareness of decreasing carbon footprints and enhancing strength performance in residential, commercial, and commercial sectors in addition hastens the market's increase throughout the place.

The current report Scope analyzes Cool Roof Coatings Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cool Roof Coatings

According to Cognitive Market Research, the global Cool Roof Coatings market size was estimated at USD 4125.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1650.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Cool Roof Coatings market with a market size of USD 1301.91 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The demand is amplified by the energy efficiency regulations.
• The Canada Cool Roof Coatings market had a market share of USD 198.01 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canada's climate change mitigation.
• The Mexico Cool Roof Coatings market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 150.16 million in 2024.

Europe Cool Roof Coatings

According to Cognitive Market Research, the global Cool Roof Coatings market size was estimated at USD 4125.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1237.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom Cool Roof Coatings market had a market share of USD 207.91 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In the UK, Cool Roof Coatings sales witness an upswing due to the urban heat island effect awareness.
• The France Cool Roof Coatings market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 113.86 million in 2024.
• According to Cognitive Market Research, the Germany Cool Roof Coatings market size was valued at USD 245.04 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. In Germany, Cool Roof Coatings sales surged due to the sustainable construction practices.
• The Italy Cool Roof Coatings market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 106.43 million in 2024.
• The Russia Cool Roof Coatings market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 191.82 million in 2024.
• The Spain Cool Roof Coatings market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 101.48 million in 2024
• The Luxembourg Cool Roof Coatings market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 38.36 million in 2024.
• The Portugal Cool Roof Coatings market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 25.99 million in 2024.
• The Greece Cool Roof Coatings market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 14.85 million in 2024.
• Rest of Europe's Cool Roof Coatings market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 191.82 million in 2024.

Asia Pacific Cool Roof Coatings

According to Cognitive Market Research, the global Cool Roof Coatings market size was estimated at USD 4125.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 948.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Cool Roof Coatings market size was valued at USD 426.96 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Cool Roof Coatings sales surge in China due to the government incentives.
• The Japan Cool Roof Coatings market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 130.93 million in 2024.
• The India Cool Roof Coatings market had a market share of USD 113.86 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. India's roofing industry standards.
• The South Korea Cool Roof Coatings market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 94.88 million in 2024.
• The Australia Cool Roof Coatings market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 49.34 million in 2024.
• The South East Asia Cool Roof Coatings market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 65.47 million in 2024.
• The Rest of Asia Pacific Cool Roof Coatings market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 67.36 million in 2024.

South America Cool Roof Coatings

According to Cognitive Market Research, the global Cool Roof Coatings market size was estimated at USD 4125.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 206.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Cool Roof Coatings market size was valued at USD 88.28 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Cool Roof Coatings sales flourish in Brazil due to the environmental consciousness.
• Argentina Cool Roof Coatings market had a market share of USD 34.65 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Argentina's technological innovations
• Colombia Cool Roof Coatings market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 18.36 million in 2024.
• Peru Cool Roof Coatings market is projected to witness growth at a CAGR of 7.6% during the forecast period with a market size of USD 16.91 million in 2024.
• Chile Cool Roof Coatings market is projected to witness growth at a CAGR of 7.7% during the forecast period with a market size of USD 14.85 million in 2024.
• The Rest of Latin America Cool Roof Coatings market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 33.21 million in 2024.

Middle East and Africa Cool Roof Coatings

According to Cognitive Market Research, the global Cool Roof Coatings market size was estimated at USD 4125.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 82.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.

• The GCC Countries Cool Roof Coatings market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD 35.31 million in 2024. Cool Roof Coatings sales flourish due to the cost savings.
• The Egypt Cool Roof Coatings market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 8.66 million in 2024.
• The South Africa Cool Roof Coatings market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 13.04 million in 2024. Cool Roof Coatings sales flourish in South Africa due to the demand for green buildings.
• The Turkey Cool Roof Coatings market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 7.10 million in 2024.
• The Nigeria Cool Roof Coatings market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 8.66 million in 2024.
• The Rest of MEA Cool Roof Coatings market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 9.74 million in 2024.

Cool Roof Coatings Market Analysis

How are Segments Performing in the Global Cool Roof Coatings Market?

Cool Roof Coatings Market Root Type Segment Analysis

According to Cognitive Market Research, Low-slope stands out as the dominating category. The low-slope cool roof coatings marketplace is developing, pushed by the widespread use of flat roofs in commercial and business homes. These coatings are mainly effective for low-slope roofs, offering substantial energy savings and prolonged roof lifespan. Increasing awareness of energy efficiency, coupled with stringent construction codes and sustainability initiatives, fuels the demand for cool roof coatings in this segment.

Steep-slope emerges as the fastest-growing category in the Cool Roof Coatings market. The steep-slope cool roof coatings market is expanding due to the rising demand for electricity performance in residential homes. Homeowners are increasingly adopting these coatings to reduce cooling fees and enhance sustainability. Technological advancements that improve the aesthetics and overall performance of cool roof coatings for sloped roofs, along with supportive building guidelines and incentives, are driving growth in this market phase.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cool Roof Coatings Industry. Request a Free Sample PDF!

Cool Roof Coatings Market Material Type Segment Analysis

According to Cognitive Market Research, the dominating category is Elastomeric Plastic. The elastomeric plastic cool roof coatings market is experiencing a boom due to their advanced durability, flexibility, and electricity efficiency. These coatings offer exceptional waterproofing and UV resistance, making them ideal for numerous climates. Increased attention to their long-term value savings, mixed with supportive inexperienced building regulations and incentives, drives their adoption in each residential and commercial program, enhancing the marketplace's growth.

The fastest-growing category in the Cool Roof Coatings market is Silicon. Silicone-primarily based cool roof coatings are witnessing a boom within the marketplace due to their super durability, weather resistance, and reflective properties. These coatings offer advanced UV protection and warmth reflectivity, resulting in reduced cooling fees and more advantageous strength performance for buildings. With a growing emphasis on sustainability and strength conservation, silicone cool roof coatings have become a desired preference in residential and commercial construction tasks, riding market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cool Roof Coatings Technology Segment Analysis

Technology Segment Analysis

According to Cognitive Market Research, the dominating category is Water-based. The water-based, totally cool roof coatings marketplace is on the rise because of its green nature and coffee VOC emissions. These coatings offer brilliant adhesion, flexibility, and durability even as imparting effective warmth mirrored image and strength financial savings. With increasing environmental concerns and stringent regulations, the demand for water-primarily based cool roof coatings is developing across various sectors, together with residential, business, and commercial, driving the market increase.

The fastest-growing category in the Cool Roof Coatings market is Solvent-based. The solvent-primarily based cool roof coatings market is increasing because of its advanced adhesion, durability, and weather resistance. These coatings provide tremendous safety against UV radiation and weathering, offering long-lasting overall performance in various climates. Despite environmental concerns surrounding solvent emissions, the marketplace keeps developing, pushed by means of calls from industries wherein solvent-based total coatings are desired for their performance attributes, driving marketplace expansion.

• Water-based
• Solvent-based

Cool Roof Coatings Applications Segment Analysis

Applications Segment Analysis

According to Cognitive Market Research, the dominating category is Residential. The residential cool roof coatings marketplace is witnessing an increase as homeowners are seeking power-green answers to reduce cooling charges and environmental effects. Cool roof coatings offer reflective houses that lower indoor temperatures, enhancing consolation and reducing reliance on aircon. With increasing focus on sustainability and electricity efficiency, residential residences are increasingly adopting cool roof coatings, driving market growth in this section.

The fastest-growing category in the Cool Roof Coatings market is Commercial. The industrial cool roof coatings market is experiencing a full-size boom pushed by the need for strength, efficiency, and sustainability in industrial homes. Cool roof coatings offer cost-powerful solutions to lessen cooling costs and mitigate city warmness island consequences. With growing guidelines and incentives selling green constructing practices, industrial belongings proprietors are more and more adopting cool roof coatings, propelling market expansion in this region.

• Residential
• Commercial

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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